Post Utme Lautech 2023 Commerce Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Lautech Commerce examination.

Post Utme Lautech 2023 Commerce Objective / Multiple Choice
Question 14 POST_UTME_LAUTECH • 2023 • COMMERCE • objective

A firm has the following data on the cost of production: Labor: ₦100,000, Capital: ₦200,000, Total Cost: ₦300,000. What is the marginal cost of production?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Lautech 2023 Commerce Question 14. It is one of the objective questions from the 2023 Post Utme Lautech Commerce examination.

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